As I mentioned yesterday, some of the condos at The Modern will go to auction.
Also, units in the Broadluxe.
Downtown condos to be auctioned: Broadluxe, Modern fall victim to housing slump – By Kimberly Blanton, The Boston Globe
The real estate slowdown has hit Boston’s condominium market – well, some areas of the downtown market.
Condos in two buildings will hit the auction block in the next two months: the Broadluxe, a loft project in the Financial District near the waterfront, and The Modern, at the fringes of the South End …
… The Modern defines a “fringe” project. It was a bold attempt by developer New Boston Ventures to extend the boundaries of the South End across Massachusetts Avenue to Northhampton Street, by constructing a 25-unit project near a gas station. Fifteen units in The Modern have been sold, for about $534 per square foot.
The remaining 10 will be auctioned May 18, according to Accelerated Marketing Partners, which was hired by New Boston Ventures to conduct the auction …
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